Credit Repair Services Can Help You Improve Your Credit Credit repair service helps to improve and clean up your poor credit reports so that your credit scores will improve and you will be able to qualify for new credit and even possibly refinance current loans at a much lower interest rate. Some credit repair services make great promises and claims, which aren't always fulfilled. You need to make sure that the company you work with provides you with what is expected. With credit repair you can clean up and improve your credit scores. Credit repair can improve your scores but it will take diligent effort on the part of the credit repair company. It is very important for you to recognize which services are legitimate and which are better described as credit repair service scams. If you recognize the warning signs of illegitimate credit repair services, you can avoid further financial hardship and aggravation. Do not trust companies that avoid explaining your legal rights and provide you with a detailed service agreement that explains everything that is included with their service. Do not be tricked by credit repair services that want to provide you with a new identity. These “new identities” are usually referred to as credit profile numbers or secondary credit numbers. The method in which they want you to use these numbers is highly illegal and can land you in serious trouble. Lastly, do not hire any credit repair service that promotes illegal, unethical, or fraudulent practices. You can be prosecuted for their actions. You want to make sure that the company you hire only uses legal, moral and ethical methods in their credit repair process. The account and status information on your credit reports is recorded and reported by each of the three national credit reporting agencies (Trans Union, Equifax, and Experian), and remains as noted unless you have a valid reason to dispute inaccurate, incomplete, wrong, outdated, or unverifiable information. You are permitted one free credit report once a year or anytime within 60 days of credit denial. The credit reports that you receive annually for free do not contain scores. If you would like to see your scores then you will need to purchase the reports. You can see your credit scores for free by visiting www.mycreditbureaureports.com. Any inaccurate, incomplete, wrong, outdated, or unverifiable information can be disputed through the credit repair process. The credit repair organization that you hire will maintain all documentation and follow-up communication during the process, and also help by: assisting you in obtaining your credit reports, reviewing them for errors, initiating the disputes, documenting all disputes, and keeping track of the whole process in great detail. Most companies will also provide you with a real time tracking solution so you can track the status of your file at any time. These are usually referred to as a client portal. You are more then welcome to spend countless hours researching laws and attempt it on your own, but it is not advised. A credit repair service cannot erase accurate negative credit information from your reports, so be cautious of any company that claims they can remove all of the negative information. They are not allowed to make false claims about their credit repair services, as the law does not allow for any kind of performance guarantee. For your protection, all credit repair services must give you a copy of the Consumer Credit File Rights within their service agreement. The credit repair service agreement must specifically outline all services included such as the total number of payments, detailed description of services, how long the agreement is valid for, and all of the company contact information. Credit repair services must also offer a right to cancel within three days after the agreement has been signed. Credit repair companies are not credit counselors. They specialize in helping to clean your credit reports. If you are suffering from large amounts of debt, there are non-profit credit counseling organizations that can help teach you how to manage your finances using all the free information available to you. If you are looking to improve your credit and raise your credit scores, then it is suggested that you retain the services of a professional credit repair company today.
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